CONSTELLATION BRANDS, INC. Return on Invested Capital
Return on Invested Capital ("ROIC") and Operating ROIC are non-GAAP financial measures that management believes are useful in analyzing the Company's performance from year to year, and are of interest to investors and lenders in relation to the Company's ability to generate sufficient returns on its capital base. These non-GAAP ROIC measures are provided as supplemental information and should not be used in lieu of the GAAP measures. The Company calculates ROIC by dividing trailing twelve month operating income on a comparable basis after tax plus depreciation expense, stock-based compensation expense and amortization expense, all on a comparable basis as applicable ("NOPATDA, comparable basis") by the trailing five quarter average capital plus accumulated depreciation and amortization plus cumulative five year comparable investment adjustments, net of tax ("CAPDA, comparable basis"). The Company calculates Operating ROIC by dividing NOPATDA, comparable basis, by CAPDA, comparable basis less the trailing five quarter average goodwill and intangibles, net ("Operating CAPDA, comparable basis"). The Company considers return on assets ("ROA") and return on equity ("ROE") to be the most directly comparable GAAP financial measures to the calculations of ROIC and Operating ROIC.
Effective March 1, 2018, we adopted the FASB amended guidance regarding the recognition of revenue from contracts with customers using the retrospective application method. Accordingly, financial information for fiscal year 2017 and the interim and annual periods of fiscal 2018 presented herein has been adjusted to reflect the adoption of this amended guidance. Annual and interim periods prior to fiscal 2017, including interim periods for fiscal 2017, have not been adjusted to reflect the adoption of this amended guidance as the impact is not deemed material.
Return on Total Assets, Return on Total Equity and Return on Invested Capital
(in millions)
Fourth Quarter 2013
ROA (Reported Net Income/Total Assets)
ROE (Reported Net Income/Total Equity)
Reported Net Income Attributable to CBI + Comparable Adjustments, Net of Tax Comparable Net Income Attributable to CBI
- Interest Expense
+ Tax Impact of Comparable Interest Expense (1)
+ Comparable Depreciation and Amortization Expense
+ Comparable Stock-based Compensation Expense
= NOPATDA, comparable basis (2)Total Assets
- Cash
- Restricted Cash
- Non-Cash Gain on Remeasurement to Fair Value of Equity Method Investment Included in Total Assets (3)
- Non-Cash Gain (Loss) on Securities Measured at Fair Value (3)
+ Accumulated Depreciation and Amortization
- Non-Interest Bearing Liabilities (4)
+ Cumulative Comparable Investment Adjustments, Net of Tax (5)
= CAPDA, comparable basis (6)
- Goodwill
- Intangibles, Net
+ Non-Cash Gain on Remeasurement to Fair Value of Equity Method Investment Included in Goodwill (3)
=Operating CAPDA, comparable basisTotal Equity
+ Interest Bearing Liabilities (4)
- Cash
- Restricted Cash
- Non-Cash Gain on Remeasurement to Fair Value of Equity Method Investment Included in Total Assets (3)
- Non-Cash Gain (Loss) on Securities Measured at Fair Value (3)
+ Accumulated Depreciation and Amortization
+ Cumulative Comparable Investment Adjustments, Net of Tax (5)
(6)
= CAPDA, comparable basis
- Goodwill
- Intangibles, Net
+ Non-Cash Gain on Remeasurement to Fair Value of Equity Method Investment Included in Goodwill (3)
= Operating CAPDA, comparable basis
ROIC
(NOPATDA, comparable basis/CAPDA, comparable basis)Operating ROIC
(NOPATDA, comparable basis/Operating CAPDA, comparable basis)
(1)
TTM Fourth Quarter 2013
$
387.8
27.1
414.9
(227.1)
(60.8)
115.4
40.8
$
737.4
$
7,623.9
173.1
260.1
875.6
1,410.2
443.3
7,099.4
2,686.4
869.5
5 QTR AVG | 5 QTR AVG | 5 QTR AVG | 5 QTR AVG | 5 QTR AVG | 5 QTR AVG |
Fourth | Fourth | Fourth | Fourth | Fourth | First |
Quarter | Quarter | Quarter | Quarter | Quarter | Quarter |
2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
$ 11,970.3 | $ 14,775.1 | $ 15,797.5 | $ 17,847.0 | $ 18,245.9 | |
237.3 | 144.7 | 229.0 | 160.5 | 183.7 | |
310.0 | - | - | - | - | |
985.2 | 1,642.0 | 1,642.0 | 1,642.0 | 1,642.0 | |
- | - | - | - | - | |
987.6 | 1,156.3 | 1,308.1 | 1,432.5 | 1,450.0 | |
1,975.9 | 2,116.1 | 2,045.3 | 2,453.1 | 2,496.7 | |
343.8 | 282.5 | 329.5 | 386.5 | 426.7 | |
9,793.3 | 12,311.1 | 13,518.8 | 15,410.4 | 15,800.2 | |
4,774.6 | 6,164.3 | 6,469.1 | 7,456.8 | 7,623.5 | |
2,290.0 | 3,210.0 | 3,225.6 | 3,431.5 | 3,408.7 | |
985.2 | 1,642.0 | 1,642.0 | 1,642.0 | 1,642.0 |
$
3,543.5
$
2,645.9
3,567.8
173.1
260.1
875.6
443.3
869.5
$
3,543.5
Fourth Quarter 2013
10.39%
20.81%The tax impact is computed on comparable interest expense, net using the Company's effective tax rate, as adjusted for non-recurring income tax benefits and charges, for the applicable periods.
(2) Each component of NOPATDA, comparable basis is the sum of the current quarter and the previous three quarters.
Fourth Quarter 2014
5.09% 14.66%
16.23% 48.24%
TTM Fourth Quarter 2014
$
1,943.1
(1,301.5)
641.6
(323.2)
(102.2)
149.3
49.9
$
1,061.8
- -
-$
3,713.9
$
4,027.8
5,966.6
237.3
310.0
- -
985.2
-
987.6
343.8
7,099.4 2,686.4
9,793.3 4,774.6 2,290.0
-
985.2
$
3,713.9
Fourth Quarter 2014
10.84%
28.59%
(3) Gain on remeasurement to fair value of equity method investment and gain (loss) on securities measured at fair value are non-cash increases
(decreases) included within total assets, which are excluded from the calculations of ROIC and Operating ROIC due to increase (decrease) in total assets from non-cash investment. Gain on remeasurement to fair value of equity method investment is included within goodwill and gain (loss) on securities measured at fair value is included within other long-term assets. As of November 2018, the November 2017 Canopy Investment allocated to shares is no longer remeasured to fair value and is included within equity method investments.
(4) Non-interest bearing liabilities is comprised of accounts payable, accrued excise taxes, other accrued expenses and liabilities, deferred income taxes, and other liabilities. Interest bearing liabilities is comprised of notes payable, current maturities on long-term debt, and long-term debt.
Fourth Quarter 2015
Fourth Quarter 2016
Fourth Quarter 2017
First Quarter 2018
Second Quarter 2018
Third Quarter 2018
Fourth Quarter 2018
First Quarter 2019
5.68% 15.39%
6.68% 16.80%
8.57% 22.04%
22.86%
8.85%
24.26%
9.45%
24.93%
9.67%
11.80% 30.31%
15.37% 13.42%
35.88% 31.34%
12.97% 31.73%
TTM Fourth Quarter 2015
TTM Fourth Quarter 2016
TTM Fourth Quarter 2017
First Quarter 2018
TTMTTM Second Quarter 2018
TTM Third Quarter 2018
TTM Fourth Quarter 2018
$
839.3
TTM
53.7
893.0
$
1,054.9
51.6
1,106.5
$
1,528.6
(154.4)
1,374.2
$
1,615.3
$
1,758.0
$
1,844.9 (179.2) 1,665.7
$
2,303.4
(85.4)
(93.3) 1,664.7
(557.5)
1,529.9
1,745.9
$
First Quarter 2019 2,648.7 (935.7) 1,713.0
(337.7)
(313.9)
(333.3)
(331.1)
(318.3) (322.1) (66.0) (68.8) 271.5 283.0 51.4 57.5
(332.0)
(99.2)
173.6
55.0
(92.9)
189.3
50.6
(89.0)
245.7
54.0
259.4
(79.2)
(63.2)
299.7
52.9
60.9
(337.4) (65.5) 310.5 63.1
$
1,360.1
$
1,567.4
$
1,918.2
$
2,094.1
$
2,239.9
$
2,259.5
$
2,375.3
$
2,358.5
$
2,445.8
$
2,501.8
5 QTR AVG | 5 QTR AVG | 5 QTR AVG | 5 QTR AVG | 5 QTR AVG | 5 QTR AVG |
Second | Third | Fourth | First | Second | Third |
Quarter | Quarter | Quarter | Quarter | Quarter | Quarter |
2018 | 2018 | 2018 | 2019 | 2019 | 2019 |
$ 19,081.5 | $ 19,525.2 | $ 20,424.1 | $ 21,451.7 | $ 23,146.1 | |
170.8 | 149.4 | 155.9 | 157.3 | 158.3 | |
- | - | - | - | - | |
1,642.0 | 1,642.0 | 1,642.0 | 1,642.0 | 1,642.0 | |
43.4 | 136.2 | 280.8 | 564.2 | 789.1 | |
1,488.0 | 1,511.6 | 1,563.1 | 1,615.2 | 1,664.9 | |
2,604.6 | 2,538.5 | 2,516.3 | 2,562.0 | 2,605.5 | |
271.3 | (25.8) | (33.5) | (27.9) | (30.4) | |
16,380.0 | 16,544.9 | 17,358.7 | 18,113.5 | 19,585.7 | |
7,922.1 | 8,035.2 | 8,061.2 | 8,083.2 | 8,072.7 | |
3,354.9 | 3,317.0 | 3,301.8 | 3,305.6 | 3,305.4 | |
1,642.0 | 1,642.0 | 1,642.0 | 1,642.0 | 1,642.0 |
$ 18,603.5
175.3
-
1,642.0
-
1,468.5
2,546.7
229.3
15,937.3
7,776.3
3,382.4
1,642.0
$
4,578.8
$
5,466.1
$
6,164.1
$
6,410.0
$
6,420.6
$
6,745.0
$
6,834.7
$
7,637.7
$
8,366.7
$
9,849.6
$
5,454.4
$
6,277.3
$
6,936.3
$
7,065.5
$
7,245.3
$
7,401.1
$
7,599.9
7,204.6
$
8,347.2 $
7,474.9
8,457.6
8,683.7
8,811.5
9,075.8
9,386.8
144.7
9,560.6
229.0
160.5
183.7
175.3
170.8
149.4
-
155.9
-
-
-
-
-
-
1,642.0
-
1,642.0
1,642.0
1,642.0
1,642.0
1,642.0
1,642.0
-
1,642.0
-
-
-
-
43.4
136.2
1,156.3
280.8
1,308.1
1,432.5
1,450.0
1,468.5
1,488.0
1,511.6
282.5
1,563.1
329.5
386.5
426.7
229.3
271.3
(25.8)
(33.5)
12,311.1 6,164.3 3,210.0
13,518.8 6,469.1 3,225.6
15,410.4 7,456.8 3,431.5
15,800.2 7,623.5 3,408.7 1,642.0
15,937.3
16,380.0
16,544.9
17,358.7
18,113.5
19,585.7
1,642.0
1,642.0
1,642.0
1,642.0 1,642.0
7,776.3 7,922.1
3,382.4 3,354.9
8,035.2 3,317.0
1,642.0
8,061.2 3,301.8 1,642.0
$
4,578.8
$
5,466.1
$
6,164.1
$
6,410.0
$
6,420.6
$
6,745.0
$
6,834.7
$
7,637.7
$
8,366.7
$
9,849.6
Fourth Quarter 2015
Fourth Quarter 2016
Fourth Quarter 2017
First Quarter 2018
Second Quarter 2018
Third Quarter 2018
Fourth Quarter 2018
11.05%
First Quarter 2019
11.59%
12.45%
13.25%
14.05%
13.79%
14.36%
13.59%
13.50% 12.77%
29.70%
28.67%
31.12%
32.67%
34.89%
33.50%
34.75%
30.88%
29.23% 25.40%
(5) Cumulative comparable investment adjustments, net of tax presents the accumulation of comparable investment adjustments for a five year period, net of tax. Comparable investment adjustments represent adjustments to underlying assets or liabilities that the Company expects to generate a return in the future. Comparable investment adjustments exclude gains/losses on disposals of assets, impairment charges and certain non-cash gains/losses, including "Net (Gain) Loss on Sale of Business or Assets," "Gain on Remeasurement to Fair Value of Equity Method Investment," "Impairment of Goodwill and Intangible Assets," "Gain on Sale of Business," "Unrealized Net Gain (Loss) on Securities Measured at Fair Value," and "Net Gain on Sale of Unconsolidated Investment."
(6)
Total assets, cash, restricted cash, non-cash gain on remeasurement to fair value of equity method investment included in total assets, accumulated depreciation and amortization, non-interest bearing liabilities, goodwill, intangibles, net, total equity, and interest bearing liabilities are the average of the current quarter and the previous four quarters.
Second Quarter 2019
Third Quarter 2019
$
TTM Second Quarter 2019 3,296.6 (1,520.6) 1,776.0
$
TTM Third Quarter 2019 3,106.9 (1,273.5) 1,833.4
(344.1) (335.5)
(64.9) (62.6) 322.7 329.0 67.9 66.5
9,186.7 $ 9,913.2
9,703.0 10,627.4
157.3
158.3
-
-
1,642.0
1,642.0
564.2
789.1
1,615.2
1,664.9
(27.9)
(30.4)
8,083.2 8,072.7
3,305.6 3,305.4
1,642.0 1,642.0
Second Quarter 2019
Third Quarter 2019
NOPATDA Supporting Detail
Stock-based Compensation | Comparable Adjustment | Comparable Stock-based Compensation | Depreciation Expense | Accelerated Depreciation | Comparable Depreciation Expense | Amortization of Intangible Assets | Amortization of Favorable Interim Supply Agreement | Comparable Amortization of Intangible Assets | Total Comparable Depreciation and Amortization | |||
For the 3 months ended | Fiscal Year 2013 | 5/31/12 | $ 11.6 | $ - | $ 11.6 | $ 26.3 | $ - | $ 26.3 | $ 1.8 | $ - | $ 1.8 | $ 28.1 |
For the 3 months ended | Fiscal Year 2013 | 8/31/12 | $ 9.8 | $ - | $ 9.8 | $ 26.1 | $ - | $ 26.1 | $ 1.8 | $ - | $ 1.8 | $ 27.9 |
For the 6 months ended | Fiscal Year 2013 | 8/31/12 | $ 21.4 | $ - | $ 21.4 | $ 52.4 | $ - | $ 52.4 | $ 3.6 | $ - | $ 3.6 | $ 56.0 |
For the 3 months ended | Fiscal Year 2013 | 11/30/12 | $ 9.9 | $ - | $ 9.9 | $ 27.6 | $ - | $ 27.6 | $ 1.9 | $ - | $ 1.9 | $ 29.5 |
For the 9 months ended | Fiscal Year 2013 | 11/30/12 | $ 31.3 | $ - | $ 31.3 | $ 80.0 | $ - | $ 80.0 | $ 5.5 | $ - | $ 5.5 | $ 85.5 |
For the 3 months ended | Fiscal Year 2013 | 2/28/13 | $ 9.5 | $ - | $ 9.5 | $ 28.2 | $ - | $ 28.2 | $ 1.7 | $ - | $ 1.7 | $ 29.9 |
For the 12 months ended | Fiscal Year 2013 | 2/28/13 | $ 40.8 | $ - | $ 40.8 | $ 108.2 | $ - | $ 108.2 | $ 7.2 | $ - | $ 7.2 | $ 115.4 |
For the 3 months ended | Fiscal Year 2014 | 5/31/13 | $ 12.8 | $ - | $ 12.8 | $ 27.5 | $ - | $ 27.5 | $ 1.5 | $ - | $ 1.5 | $ 29.0 |
For the 3 months ended | Fiscal Year 2014 | 8/31/13 | $ 12.8 | $ - | $ 12.8 | $ 36.6 | $ - | $ 36.6 | $ 5.6 | $ 2.1 | $ 3.5 | $ 40.1 |
For the 6 months ended | Fiscal Year 2014 | 8/31/13 | $ 25.6 | $ - | $ 25.6 | $ 64.1 | $ - | $ 64.1 | $ 7.1 | $ 2.1 | $ 5.0 | $ 69.1 |
For the 3 months ended | Fiscal Year 2014 | 11/30/13 | $ 11.9 | $ - | $ 11.9 | $ 38.0 | $ - | $ 38.0 | $ 4.1 | $ 2.2 | $ 1.9 | $ 39.9 |
For the 9 months ended | Fiscal Year 2014 | 11/30/13 | $ 37.5 | $ - | $ 37.5 | $ 102.1 | $ - | $ 102.1 | $ 11.2 | $ 4.3 | $ 6.9 | $ 109.0 |
For the 3 months ended | Fiscal Year 2014 | 2/28/14 | $ 12.4 | $ - | $ 12.4 | $ 37.7 | $ - | $ 37.7 | $ 4.3 | $ 1.7 | $ 2.6 | $ 40.3 |
For the 12 months ended | Fiscal Year 2014 | 2/28/14 | $ 49.9 | $ - | $ 49.9 | $ 139.8 | $ - | $ 139.8 | $ 15.5 | $ 6.0 | $ 9.5 | $ 149.3 |
For the 3 months ended | Fiscal Year 2015 | 5/31/14 | $ 11.7 | $ - | $ 11.7 | $ 39.0 | $ - | $ 39.0 | $ 10.5 | $ 7.6 | $ 2.9 | $ 41.9 |
For the 3 months ended | Fiscal Year 2015 | 8/31/14 | $ 16.2 | $ - | $ 16.2 | $ 39.3 | $ - | $ 39.3 | $ 14.2 | $ 11.3 | $ 2.9 | $ 42.2 |
For the 6 months ended | Fiscal Year 2015 | 8/31/14 | $ 27.9 | $ - | $ 27.9 | $ 78.3 | $ - | $ 78.3 | $ 24.7 | $ 18.9 | $ 5.8 | $ 84.1 |
For the 3 months ended | Fiscal Year 2015 | 11/30/14 | $ 14.2 | $ - | $ 14.2 | $ 40.1 | $ - | $ 40.1 | $ 11.5 | $ 8.6 | $ 2.9 | $ 43.0 |
For the 9 months ended | Fiscal Year 2015 | 11/30/14 | $ 42.1 | $ - | $ 42.1 | $ 118.4 | $ - | $ 118.4 | $ 36.2 | $ 27.5 | $ 8.7 | $ 127.1 |
For the 3 months ended | Fiscal Year 2015 | 2/28/15 | $ 12.9 | $ - | $ 12.9 | $ 43.6 | $ - | $ 43.6 | $ 3.8 | $ 0.9 | $ 2.9 | $ 46.5 |
For the 12 months ended | Fiscal Year 2015 | 2/28/15 | $ 55.0 | $ - | $ 55.0 | $ 162.0 | $ - | $ 162.0 | $ 40.0 | $ 28.4 | $ 11.6 | $ 173.6 |
For the 3 months ended | Fiscal Year 2016 | 5/31/15 | $ 12.3 | $ - | $ 12.3 | $ 43.0 | $ - | $ 43.0 | $ 11.7 | $ 8.9 | $ 2.8 | $ 45.8 |
For the 3 months ended | Fiscal Year 2016 | 8/31/15 | $ 13.7 | $ - | $ 13.7 | $ 45.7 | $ - | $ 45.7 | $ 11.0 | $ 9.0 | $ 2.0 | $ 47.7 |
For the 6 months ended | Fiscal Year 2016 | 8/31/15 | $ 26.0 | $ - | $ 26.0 | $ 88.7 | $ - | $ 88.7 | $ 22.7 | $ 17.9 | $ 4.8 | $ 93.5 |
For the 3 months ended | Fiscal Year 2016 | 11/30/15 | $ 14.5 | $ - | $ 14.5 | $ 41.8 | $ - | $ 41.8 | $ 9.5 | $ 7.4 | $ 2.1 | $ 43.9 |
For the 9 months ended | Fiscal Year 2016 | 11/30/15 | $ 40.5 | $ - | $ 40.5 | $ 130.5 | $ - | $ 130.5 | $ 32.2 | $ 25.3 | $ 6.9 | $ 137.4 |
For the 3 months ended | Fiscal Year 2016 | 2/29/16 | $ 13.5 | $ - | $ 13.5 | $ 49.8 | $ - | $ 49.8 | $ 8.5 | $ 6.4 | $ 2.1 | $ 51.9 |
For the 12 months ended | Fiscal Year 2016 | 2/29/16 | $ 54.0 | $ 3.4 | $ 50.6 | $ 180.3 | $ - | $ 180.3 | $ 40.7 | $ 31.7 | $ 9.0 | $ 189.3 |
For the 3 months ended | Fiscal Year 2017 | 5/31/16 | $ 16.0 | $ (0.2) | $ 16.2 | $ 55.8 | $ - | $ 55.8 | $ 4.2 | $ 2.2 | $ 2.0 | $ 57.8 |
For the 3 months ended | Fiscal Year 2017 | 8/31/16 | $ 15.4 | $ 0.1 | $ 15.3 | $ 58.1 | $ - | $ 58.1 | $ 2.1 | $ - | $ 2.1 | $ 60.2 |
For the 6 months ended | Fiscal Year 2017 | 8/31/16 | $ 31.4 | $ (0.1) | $ 31.5 | $ 113.9 | $ - | $ 113.9 | $ 6.3 | $ 2.2 | $ 4.1 | $ 118.0 |
For the 3 months ended | Fiscal Year 2017 | 11/30/16 | $ 13.0 | $ 2.5 | $ 10.5 | $ 61.4 | $ - | $ 61.4 | $ 2.1 | $ - | $ 2.1 | $ 63.5 |
For the 9 months ended | Fiscal Year 2017 | 11/30/16 | $ 44.4 | $ 2.4 | $ 42.0 | $ 175.3 | $ - | $ 175.3 | $ 8.4 | $ 2.2 | $ 6.2 | $ 181.5 |
For the 3 months ended | Fiscal Year 2017 | 2/28/17 | $ 11.7 | $ (0.3) | $ 12.0 | $ 62.2 | $ - | $ 62.2 | $ 2.0 | $ - | $ 2.0 | $ 64.2 |
For the 12 months ended | Fiscal Year 2017 | 2/28/17 | $ 56.1 | $ 2.1 | $ 54.0 | $ 237.5 | $ - | $ 237.5 | $ 10.4 | $ 2.2 | $ 8.2 | $ 245.7 |
For the 3 months ended | Fiscal Year 2018 | 5/31/17 | $ 15.1 | $ - | $ 15.1 | $ 70.1 | $ - | $ 70.1 | $ 1.4 | $ - | $ 1.4 | $ 71.5 |
For the 3 months ended | Fiscal Year 2018 | 8/31/17 | $ 13.8 | $ - | $ 13.8 | $ 70.8 | $ - | $ 70.8 | $ 1.5 | $ - | $ 1.5 | $ 72.3 |
For the 6 months ended | Fiscal Year 2018 | 8/31/17 | $ 28.9 | $ - | $ 28.9 | $ 140.9 | $ - | $ 140.9 | $ 2.9 | $ - | $ 2.9 | $ 143.8 |
For the 3 months ended | Fiscal Year 2018 | 11/30/17 | $ 16.6 | $ - | $ 16.6 | $ 73.5 | $ - | $ 73.5 | $ 1.5 | $ - | $ 1.5 | $ 75.0 |
For the 9 months ended | Fiscal Year 2018 | 11/30/17 | $ 45.5 | $ - | $ 45.5 | $ 214.4 | $ - | $ 214.4 | $ 4.4 | $ - | $ 4.4 | $ 218.8 |
For the 3 months ended | Fiscal Year 2018 | 2/28/18 | $ 15.4 | $ - | $ 15.4 | $ 79.4 | $ - | $ 79.4 | $ 1.5 | $ - | $ 1.5 | $ 80.9 |
For the 12 months ended | Fiscal Year 2018 | 2/28/18 | $ 60.9 | $ - | $ 60.9 | $ 293.8 | $ - | $ 293.8 | $ 5.9 | $ - | $ 5.9 | $ 299.7 |
For the 3 months ended | Fiscal Year 2019 | 5/31/18 | $ 17.3 | $ - | $ 17.3 | $ 84.2 | $ 3.4 | $ 80.8 | $ 1.5 | $ - | $ 1.5 | $ 82.3 |
For the 3 months ended | Fiscal Year 2019 | 8/31/18 | $ 18.6 | $ - | $ 18.6 | $ 84.6 | $ 1.6 | $ 83.0 | $ 1.5 | $ - | $ 1.5 | $ 84.5 |
For the 6 months ended | Fiscal Year 2019 | 8/31/18 | $ 35.9 | $ - | $ 35.9 | $ 168.8 | $ 5.0 | $ 163.8 | $ 3.0 | $ - | $ 3.0 | $ 166.8 |
For the 3 months ended | Fiscal Year 2019 | 11/30/18 | $ 15.2 | $ - | $ 15.2 | $ 81.3 | $ 1.5 | $ 79.8 | $ 1.5 | $ - | $ 1.5 | $ 81.3 |
For the 9 months ended | Fiscal Year 2019 | 11/30/18 | $ 51.1 | $ - | $ 51.1 | $ 250.1 | $ 6.5 | $ 243.6 | $ 4.5 | $ - | $ 4.5 | $ 248.1 |
CAPDA Supporting Detail
Total Assets | Goodwill | Intangibles | Cash | Restricted Cash | Accumulated Depreciation | Accumulated Amortization | Total Accumulated Amortization and Accumulated Depreciation | Total Equity | Non-Cash Gain to Revalue Existing Equity Investment | Non-Cash Gain to Revalue Securities Measured at Fair Value | ||
Q1 FY13 | 5/31/12 | $ 7,008.2 | $ 2,599.2 | $ 854.7 | $ 69.1 | $ - | $ 735.8 | $ 99.7 | $ 835.5 | $ 2,299.8 | $ - | $ - |
Q2 FY13 | 8/31/12 | $ 8,040.5 | $ 2,739.3 | $ 878.2 | $ 178.5 | $ 650.0 | $ 769.5 | $ 101.5 | $ 871.0 | $ 2,618.1 | $ - | $ - |
Q3 FY13 | 11/30/12 | $ 8,322.7 | $ 2,738.4 | $ 876.6 | $ 200.5 | $ 650.3 | $ 797.4 | $ 105.0 | $ 902.4 | $ 2,775.3 | $ - | $ - |
Q4 FY13 | 2/28/13 | $ 7,638.1 | $ 2,722.3 | $ 871.4 | $ 331.5 | $ - | $ 817.9 | $ 108.5 | $ 926.4 | $ 2,860.3 | $ - | $ - |
Q1 FY14 | 5/31/13 | $ 9,452.4 | $ 2,714.5 | $ 866.2 | $ 609.3 | $ 1,550.0 | $ 839.4 | $ 111.4 | $ 950.8 | $ 2,997.4 | $ - | $ - |
Q2 FY14 | 8/31/13 | $ 14,122.8 | $ 6,139.2 | $ 3,243.9 | $ 116.8 | $ - | $ 858.5 | $ 119.7 | $ 978.2 | $ 4,510.4 | $ 1,642.0 | $ - |
Q3 FY14 | 11/30/13 | $ 14,336.3 | $ 6,150.0 | $ 3,237.2 | $ 65.2 | $ - | $ 898.6 | $ 126.1 | $ 1,024.7 | $ 4,789.8 | $ 1,642.0 | $ - |
Q4 FY14 | 2/28/14 | $ 14,302.1 | $ 6,146.8 | $ 3,231.1 | $ 63.9 | $ - | $ 924.7 | $ 133.0 | $ 1,057.7 | $ 4,981.3 | $ 1,642.0 | $ - |
Q1 FY15 | 5/31/14 | $ 14,842.4 | $ 6,153.1 | $ 3,229.4 | $ 378.0 | $ - | $ 966.5 | $ 146.3 | $ 1,112.8 | $ 5,287.0 | $ 1,642.0 | $ - |
Q2 FY15 | 8/31/14 | $ 14,657.4 | $ 6,149.3 | $ 3,213.5 | $ 104.3 | $ - | $ 1,008.5 | $ 163.4 | $ 1,171.9 | $ 5,487.4 | $ 1,642.0 | $ - |
Q3 FY15 | 11/30/14 | $ 14,980.5 | $ 6,163.9 | $ 3,194.9 | $ 67.3 | $ - | $ 1,032.2 | $ 175.3 | $ 1,207.5 | $ 5,635.0 | $ 1,642.0 | $ - |
Q4 FY15 | 2/28/15 | $ 15,093.0 | $ 6,208.2 | $ 3,181.0 | $ 110.1 | $ - | $ 1,050.2 | $ 181.2 | $ 1,231.4 | $ 5,881.3 | $ 1,642.0 | $ - |
Q1 FY16 | 5/31/15 | $ 15,198.6 | $ 6,200.3 | $ 3,166.7 | $ 130.7 | $ - | $ 1,086.8 | $ 196.0 | $ 1,282.8 | $ 6,051.9 | $ 1,642.0 | $ - |
Q2 FY16 | 8/31/15 | $ 15,622.8 | $ 6,416.8 | $ 3,188.7 | $ 329.7 | $ - | $ 1,112.8 | $ 190.5 | $ 1,303.3 | $ 6,165.0 | $ 1,642.0 | $ - |
Q3 FY16 | 11/30/15 | $ 16,108.2 | $ 6,381.8 | $ 3,187.8 | $ 491.3 | $ - | $ 1,151.1 | $ 202.7 | $ 1,353.8 | $ 6,596.7 | $ 1,642.0 | $ - |
Q4 FY16 | 2/29/16 | $ 16,965.0 | $ 7,138.6 | $ 3,403.8 | $ 83.1 | $ - | $ 1,179.3 | $ 190.0 | $ 1,369.3 | $ 6,691.8 | $ 1,642.0 | $ - |
Q1 FY17 | 5/31/16 | $ 17,630.0 | $ 7,350.2 | $ 3,440.4 | $ 167.3 | $ - | $ 1,234.3 | $ 198.5 | $ 1,432.8 | $ 6,988.6 | $ 1,642.0 | $ - |
Q2 FY17 | 8/31/16 | $ 17,717.4 | $ 7,356.8 | $ 3,441.5 | $ 177.3 | $ - | $ 1,282.8 | $ 184.2 | $ 1,467.0 | $ 7,174.1 | $ 1,642.0 | $ - |
Q3 FY17 | 11/30/16 | $ 18,320.1 | $ 7,517.9 | $ 3,494.2 | $ 197.3 | $ - | $ 1,310.1 | $ 183.3 | $ 1,493.4 | $ 6,997.7 | $ 1,642.0 | $ - |
Q4 FY17 | 2/28/17 | $ 18,602.4 | $ 7,920.5 | $ 3,377.7 | $ 177.4 | $ - | $ 1,277.0 | $ 123.0 | $ 1,400.0 | $ 6,829.3 | $ 1,642.0 | $ - |
Q1 FY18 | 5/31/17 | $ 18,959.4 | $ 7,972.3 | $ 3,289.7 | $ 199.1 | $ - | $ 1,332.1 | $ 124.6 | $ 1,456.7 | $ 7,337.9 | $ 1,642.0 | $ - |
Q2 FY18 | 8/31/17 | $ 19,418.4 | $ 8,114.2 | $ 3,309.1 | $ 125.6 | $ - | $ 1,401.7 | $ 123.8 | $ 1,525.5 | $ 7,887.5 | $ 1,642.0 | $ - |
Q3 FY18 | 11/30/17 | $ 20,107.1 | $ 8,085.7 | $ 3,303.8 | $ 154.5 | $ - | $ 1,438.8 | $ 125.5 | $ 1,564.3 | $ 7,953.1 | $ 1,642.0 | $ 216.9 |
Q4 FY18 | 2/28/18 | $ 20,538.7 | $ 8,083.1 | $ 3,304.8 | $ 90.3 | $ - | $ 1,484.0 | $ 127.5 | $ 1,611.5 | $ 7,991.7 | $ 1,642.0 | $ 464.3 |
Q1 FY19 | 5/31/18 | $ 23,096.7 | $ 8,050.5 | $ 3,301.6 | $ 210.0 | $ - | $ 1,528.1 | $ 129.2 | $ 1,657.3 | $ 10,565.8 | $ 1,642.0 | $ 722.6 |
Q2 FY19 | 8/31/18 | $ 24,097.5 | $ 8,082.6 | $ 3,308.9 | $ 206.1 | $ - | $ 1,583.8 | $ 133.7 | $ 1,717.5 | $ 11,535.2 | $ 1,642.0 | $ 1,417.4 |
Q3 FY19 | 11/30/18 | $ 27,890.4 | $ 8,061.8 | $ 3,307.8 | $ 130.6 | $ - | $ 1,642.6 | $ 131.2 | $ 1,773.8 | $ 11,520.0 | $ 1,642.0 | $ 1,124.2 |
Accounts Payable | Accrued Excise Taxes (1) | Other Accrued Expenses and Liabilities | Deferred Income Taxes | Other Liabilities (2) | Total Non-Interest Bearing Liabilities | ||
Q1 FY13 | 5/31/12 | $ 117.2 | $ 23.4 | $ 311.7 | $ 607.1 | $ 228.0 | $ 1,287.4 |
Q2 FY13 | 8/31/12 | $ 185.6 | $ 27.7 | $ 383.7 | $ 618.5 | $ 219.2 | $ 1,434.7 |
Q3 FY13 | 11/30/12 | $ 300.4 | $ 18.1 | $ 402.8 | $ 618.4 | $ 212.3 | $ 1,552.0 |
Q4 FY13 | 2/28/13 | $ 209.0 | $ 18.9 | $ 422.4 | $ 599.6 | $ 222.5 | $ 1,472.4 |
Q1 FY14 | 5/31/13 | $ 150.0 | $ 17.5 | $ 375.4 | $ 631.1 | $ 209.0 | $ 1,383.0 |
Q2 FY14 | 8/31/13 | $ 341.2 | $ 27.6 | $ 1,054.0 | $ 696.8 | $ 192.3 | $ 2,311.9 |
Q3 FY14 | 11/30/13 | $ 462.4 | $ 26.4 | $ 1,028.6 | $ 710.0 | $ 184.5 | $ 2,411.9 |
Q4 FY14 | 2/28/14 | $ 295.2 | $ 27.7 | $ 1,055.6 | $ 762.6 | $ 159.2 | $ 2,300.3 |
Q1 FY15 | 5/31/14 | $ 345.7 | $ 27.5 | $ 1,031.9 | $ 795.9 | $ 159.3 | $ 2,360.3 |
Q2 FY15 | 8/31/14 | $ 441.9 | $ 29.5 | $ 536.2 | $ 815.0 | $ 155.5 | $ 1,978.1 |
Q3 FY15 | 11/30/14 | $ 445.9 | $ 24.9 | $ 540.4 | $ 831.4 | $ 184.1 | $ 2,026.7 |
Q4 FY15 | 2/28/15 | $ 285.8 | $ 28.7 | $ 605.7 | $ 818.9 | $ 176.1 | $ 1,915.2 |
Q1 FY16 | 5/31/15 | $ 289.1 | $ 30.8 | $ 521.0 | $ 860.0 | $ 176.9 | $ 1,877.8 |
Q2 FY16 | 8/31/15 | $ 373.3 | $ 26.9 | $ 626.6 | $ 894.4 | $ 163.6 | $ 2,084.8 |
Q3 FY16 | 11/30/15 | $ 420.9 | $ 32.5 | $ 579.4 | $ 986.4 | $ 137.7 | $ 2,156.9 |
Q4 FY16 | 2/29/16 | $ 429.3 | $ 33.6 | $ 544.4 | $ 1,022.2 | $ 162.5 | $ 2,192.0 |
Q1 FY17 | 5/31/16 | $ 558.5 | $ 39.7 | $ 482.9 | $ 1,092.2 | $ 159.9 | $ 2,333.2 |
Q2 FY17 | 8/31/16 | $ 624.5 | $ 35.9 | $ 531.8 | $ 1,164.1 | $ 158.0 | $ 2,514.3 |
Q3 FY17 | 11/30/16 | $ 772.3 | $ 33.0 | $ 562.2 | $ 1,124.0 | $ 199.3 | $ 2,690.8 |
Q4 FY17 | 2/28/17 | $ 559.8 | $ 44.6 | $ 666.0 | $ 1,098.9 | $ 165.7 | $ 2,535.0 |
Q1 FY18 | 5/31/17 | $ 558.8 | $ - | $ 586.5 | $ 1,098.2 | $ 166.5 | $ 2,410.0 |
Q2 FY18 | 8/31/17 | $ 601.7 | $ - | $ 671.6 | $ 1,131.1 | $ 179.1 | $ 2,583.5 |
Q3 FY18 | 11/30/17 | $ 742.2 | $ - | $ 648.7 | $ 1,198.6 | $ 214.3 | $ 2,803.8 |
Q4 FY18 | 2/28/18 | $ 592.2 | $ - | $ 678.3 | $ 694.4 | $ 395.4 | $ 2,360.3 |
Q1 FY19 | 5/31/18 | $ 650.3 | $ - | $ 649.6 | $ - | $ 1,124.0 | $ 2,423.9 |
Q2 FY19 | 8/31/18 | $ 734.9 | $ - | $ 691.6 | $ - | $ 1,212.2 | $ 2,638.7 |
Q3 FY19 | 11/30/18 | $ 882.7 | $ - | $ 683.6 | $ - | $ 1,234.5 | $ 2,800.8 |
(1) 'Accrued Excise Taxes' is reported within 'Other Accrued Expenses and Liabilities' beginning in Q1 FY18.
(2) 'Deferred Income Taxes' is reported within 'Other Liabilities' beginning in Q1 FY19.
Notes Payable (Short-Term Borrowings) | Current Debt | Long-Term Debt | Total Interest Bearing Liabilities | ||
Q1 FY13 | 5/31/12 | $ 97.9 | $ 37.7 | $ 3,285.4 | $ 3,421.0 |
Q2 FY13 | 8/31/12 | $ 15.2 | $ 43.8 | $ 3,928.7 | $ 3,987.7 |
Q3 FY13 | 11/30/12 | $ 16.6 | $ 49.9 | $ 3,928.9 | $ 3,995.4 |
Q4 FY13 | 2/28/13 | $ - | $ 27.6 | $ 3,277.8 | $ 3,305.4 |
Q1 FY14 | 5/31/13 | $ 221.0 | $ 33.3 | $ 4,817.7 | $ 5,072.0 |
Q2 FY14 | 8/31/13 | $ 272.1 | $ 115.7 | $ 6,912.7 | $ 7,300.5 |
Q3 FY14 | 11/30/13 | $ 170.5 | $ 67.1 | $ 6,897.0 | $ 7,134.6 |
Q4 FY14 | 2/28/14 | $ 57.2 | $ 590.0 | $ 6,373.3 | $ 7,020.5 |
Q1 FY15 | 5/31/14 | $ 235.2 | $ 614.4 | $ 6,345.5 | $ 7,195.1 |
Q2 FY15 | 8/31/14 | $ 253.0 | $ 615.7 | $ 6,323.2 | $ 7,191.9 |
Q3 FY15 | 11/30/14 | $ 100.3 | $ 137.0 | $ 7,081.5 | $ 7,318.8 |
Q4 FY15 | 2/28/15 | $ 52.4 | $ 158.1 | $ 7,086.0 | $ 7,296.5 |
Q1 FY16 | 5/31/15 | $ 100.9 | $ 178.5 | $ 6,989.5 | $ 7,268.9 |
Q2 FY16 | 8/31/15 | $ 29.3 | $ 156.1 | $ 7,187.6 | $ 7,373.0 |
Q3 FY16 | 11/30/15 | $ 31.1 | $ 856.9 | $ 6,466.6 | $ 7,354.6 |
Q4 FY16 | 2/29/16 | $ 408.3 | $ 856.7 | $ 6,816.2 | $ 8,081.2 |
Q1 FY17 | 5/31/16 | $ 29.8 | $ 1,587.8 | $ 6,690.6 | $ 8,308.2 |
Q2 FY17 | 8/31/16 | $ 114.3 | $ 893.1 | $ 7,021.6 | $ 8,029.0 |
Q3 FY17 | 11/30/16 | $ 353.4 | $ 915.7 | $ 7,362.5 | $ 8,631.6 |
Q4 FY17 | 2/28/17 | $ 606.5 | $ 910.9 | $ 7,720.7 | $ 9,238.1 |
Q1 FY18 | 5/31/17 | $ 988.1 | $ 146.2 | $ 8,077.2 | $ 9,211.5 |
Q2 FY18 | 8/31/17 | $ 814.0 | $ 96.5 | $ 8,036.9 | $ 8,947.4 |
Q3 FY18 | 11/30/17 | $ 1,212.8 | $ 23.2 | $ 8,114.2 | $ 9,350.2 |
Q4 FY18 | 2/28/18 | $ 746.8 | $ 22.3 | $ 9,417.6 | $ 10,186.7 |
Q1 FY19 | 5/31/18 | $ 669.7 | $ 20.9 | $ 9,416.4 | $ 10,107.0 |
Q2 FY19 | 8/31/18 | $ 717.1 | $ 18.9 | $ 9,187.6 | $ 9,923.6 |
Q3 FY19 | 11/30/18 | $ 731.5 | $ 1,065.6 | $ 11,772.5 | $ 13,569.6 |
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Constellation Brands Inc. published this content on 09 January 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 09 January 2019 13:08:05 UTC
